NOT LISTED FOR SALE

Estimated Value: $2,627,043

0.25 Acre
$10,508,172 Price per Acre
10,890 Sq Ft Lot

Sale Details

Date Sold: February 16, 2012

Last sale price $750,000 $137 Per Sq Ft

Est. 250% increase in value since last sale

Current estimated payment $14,464 / mo

306 Days on Market

Highlights

  • Asbestos
  • Heating System Uses Gas
  • 1-minute walk to Memorial Park
  • Blowing Rock Elementary School Rated A

About This Lot

As of February 2012

GREAT Location...The closest Bed and Breakfast to Main Street in Blowing Rock. Excellent investment opportunity. This historic home is the oldest Bed and Breakfast in the Village of Blowing Rock established in 1946. The main building has 11 rooms and the cottage has two additional bedrooms and two additional baths. All rooms have private bathrooms. The Inn has 12 parking spaces,full kitchen with commercial grade appliances,dining area fits 25 guests and office/desk. Presently still running as a Bed & Breakfast even thou it is bank owned. Past owner will run the Inn until the property is sold. Both tracts 1 & 2 being sold for the list price.

Last Agent to Sell the Property

Scott MacIntosh

Howard Hanna Allen Tate Realtors Boone Listed on: 03/17/2011

Howard Hanna Allen Tate Realtors Boone

Last Buyer's Agent

David Conrad

Blue Ridge Business Brokerage

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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,000

Year Built

  • Built in 1946

Lot Details

  • 10,890 Sq Ft Lot
  • Zoning described as General Business

Parking

  • Parking Available

Home Design

  • 5,489 Sq Ft Home
  • Shingle Roof
  • Asphalt Roof
  • Asbestos

Schools

  • Blowing Rock Elementary School

Utilities

  • Heating System Uses Oil

Community Details

  • Private Restrooms

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 2807974802

Property Details

Property Type

Land

Est. Annual Taxes

$6,000

Year Built

Built in 1946

Lot Details

0.25 Acres

Listing Details

  • Property Sub Type: Building/Land
  • Prop. Type: Commercial Sale
  • Business Type: Bed & Breakfast
  • Lot Size Acres: 0.25
  • Above Grade Finished Sq Ft: 5489.0
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Living Area: 5489.0

Exterior Features

  • Construction Type: Asbestos, Other, See Remarks
  • Exterior Features: Other, See Remarks
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Parking Space(s)

Utilities

  • Green Building Features: Private Restrooms
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Gas, Oil
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed

Schools

  • Elementary School: Blowing Rock

Lot Info

  • Parcel #: 2807974802
  • Zoning Description: General Business

Tax Info

  • Tax Annual Amount: 6000.0
  • Tax Book Number: 1127/661

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2016
Sold by
Rg Investments Llc
Bought by
Current Estimated Value
$2,627,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,941
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 17, 2011
Closed on
Feb 6, 2012
Sold by
Bank Of Granite
Bought by
Rg Investments Llc
Seller's Agent
Scott MacIntosh
Howard Hanna Allen Tate Realtors Boone
Buyer's Agent
David Conrad
Blue Ridge Business Brokerage
List Price
$750,000
Sold Price
$750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.01%
Original Mortgage
$75,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 2011
Sold by
Hutto Hilary Barbara and Carlson Lisa A
Bought by
Bank Of Granite

Purchase Details

Closed on
Oct 14, 2005
Sold by
Bateman David V and Bateman Marilyn M
Bought by
Hutto Hilary B and Carlson Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$998,000
Interest Rate
5.71%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Blowing Rock, NC

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,150,000 Attorney
Rg Investments Llc $750,000 None Available
Bank Of Granite $825,000 --
Hutto Hilary B $1,331,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,416,000
Closed Boone Brewing Company Llc $202,941
Closed Boone Brewing Company Llc $947,059
Previous Owner Rg Investments Llc $99,999
Previous Owner Rg Investments Llc $99,860
Previous Owner Rg Investments Llc $75,000
Previous Owner Hutto Hilary B $998,000
Previous Owner Bateman Marilyn Mae $450,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/16/2012 02/16/12 Sold $750,000 0.0% $137 / Sq Ft
01/17/2012 01/17/12 Pending -- -- --
03/17/2011 03/17/11 For Sale $750,000 -- $137 / Sq Ft
Source: High Country Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,280 $1,350,710 $467,500 $883,210
2024 $96 $1,329,110 $467,500 $861,610
2023 $9,156 $1,319,250 $467,500 $851,750
2022 $9,156 $1,319,250 $467,500 $851,750
2021 $9,915 $1,180,700 $671,000 $509,700
2020 $9,443 $1,180,700 $671,000 $509,700
2019 $9,443 $1,180,700 $671,000 $509,700
2018 $8,616 $1,180,700 $671,000 $509,700
2017 $8,616 $1,180,700 $671,000 $509,700
2013 -- $1,155,200 $699,000 $456,200
Source: Public Records

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Map

Source: High Country Association of REALTORS®

MLS Number: 165005

High Country Association of REALTORS®

APN: 2807-97-4802-000

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